Cattle futures sharply lower to end the week

Cattle futures sharply lower to end the week

At the Chicago Mercantile Exchange, live and feeder cattle futures were down sharply on the lower midday boxed beef and profit-taking, with feeders picking up additional pressure from the modestly higher move in corn. December live cattle closed $1.55 lower at $151.52 and February live cattle closed $1.77 lower at $153.25 and January feeder cattle closed $3.123 lower at $178.57 and March feeder cattle closed $2.65 lower at $181.15. 

It was a quiet Friday for direct cash cattle trade. 

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